Between 2013 and 2023, the production value of medical, dental instruments and supplies in Austria exhibited variations, starting at 851.8 million Euros in 2013 and reaching 1110 million Euros in 2023. This represents a Compound Annual Growth Rate (CAGR) of 2.1% over the past five years, despite some fluctuations. Year-on-year growth was particularly significant in 2015 and 2017 with over 7% and 8% respectively, while 2020 saw a decline of about 4.6%. Post-2021, a stable growth trend resumed, with steady increases recorded.
For the upcoming period from 2024 to 2028, a CAGR of 1.61% is forecasted, culminating in a total percentage growth of approximately 8.31%. This indicates a continuous but slightly slowing pace of growth in the sector.
Future trends to watch for include technological advancements, regulatory changes, and market expansion strategies by key players, which may further influence production values and growth rates in the sector.
